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Tag Archives: diamond bank

Access Bank’s share price dropping, may review downward terms with Diamond

The share price of Access Bank Plc has declined by 32.52 per cent since the bank confirmed its plans to merge with Diamond Bank Plc. The share price of the bank, which stood at N7.45 on December 14, 2018, gained 9.4 per cent to close at N8.15 on December 17, 2018, after the announcement of the proposed merger with Diamond ...

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Diamond Bank in panic denial of acquisition talks

Though there are denials .. but we cannot discountenance that Diamond Bank Pc is in a serious trouble. The lender, which has been managing its capital since 2016 to ensure it stays within the minimum regulatory ratio, said it would consider raising fresh funds after selling some assets to strengthen its balance sheet. The directors of Diamond Bank may not ...

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Diamond Bank Records Stable Growth in H1

 Diamond Bank Plc on Thursday released its H1 2016 performance scorecard on the floor of the Nigerian Stock Exchange (NSE), showcasing considerable growth in key financial parameters.  Analysts and industry watchers had, because of the harsh macroeconomic outlook, forecasted sluggish growth and greyed result for the period, but the interim report and accounts of the bank for the first six ...

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Diamond Bank, Microsoft empower 35 million SMEs

Over 35 million Small and Medium Enterprises in the country, in 2017, will be empowered with Diamond Bank Mobile Point of Sales, sequel to the collaboration between Diamond Bank and Microsoft on SMEs growth.  The Head, Emerging Business, Diamond Bank, Njideka Esomeju, said the solution would enhance business productivity among SMEs in the country. “We need to get SMEs to ...

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Labour Orders Six Banks To Recall Sacked Workers,.Or Else..

Fidelity Bank, Diamond Bank, First City Monument Bank, First Bank, Ecobank and Skye Bank..have incured the anger of the Nigeria Labour Congress (NLC  for sacking their workers.., yesterday, NLC threatened to shut the six banks that sacked their workers. The umbrella union gave the affected banks two weeks’ ultimatum to recall the sacked workers and allow unionisation. The action has ...

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Trouble In Ecobank As ‘Oceanic’ Workers Reject Sack Letters

ecobank md

Most of the sacked staff are thought to be from the former Oceanic Bank which Ecobank bought a few years ago,..and that is creating a wave of disenchantment in rank and file.,,Mainwhile,the Trade Union Congress of Nigeria and the National Union of Banks, Insurance and Financial Institutions’ Employees have vowed to resist the gale of mass sacking that banks in ...

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Diamond Bank fires 200 workers

UZOMA-DOZIE

Diamond Bank Plc has fired 200 members of its workforce as the economic challenges affecting the country continue to batter the financial services industry. This is coming two months after the bank announced that its profit before tax for the first quarter of this year fell to N6.04bn from the N7.94bn it recorded in the first quarter of 2015.  The ...

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Diamond ,Skye Banks In Monumental Loss At NSE

UZOMA-DOZIE

 Diamond Bank Plc and Skye Bank Plc led the N214bn loss recorded at the close of trading on the floor of the Nigerian Stock Exchange on Tuesday.To crown the top five losers category were Ashaka Cement Plc and Cement Company of Northern Nigeria Plc, that followed the top three losers. The NSE market capitalisation crashed to N8.694tn from N8.909tn, while ...

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Mother & Child Killed As 40 Men In Army Uniform Rob Diamond, Access Banks

stray bullet victims

No fewer than forty heavily armed robbers, yesterday morning, invaded two second generation banks in 4th Avenue, Festac area of Lagos state and carted away huge sums of money. During the operation which lasted hours, a two-year-old toddler, Mmesoma Ndirika, and her mother, Jane, who were inside their apartment in an adjoining building, were reportedly hit by stray bullets from ...

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Diamond Bank In Fraud Allegation, Dragged To Court

UZOMA-DOZIE

Diamond Bank Plc has been dragged to court on account of breach of agreement which detrimentally affected the business and income of one of its customers -Charismond Nigeria Limited (Importer of chemical products)and its Managing Director, Mr. Aliandu Monday. This was revealed in a statement of claim filed before the Federal High Court of Nigeria, Lagos under Suit No: FHC/L/CS/1148/2013. ...

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